2023 NOK to MWK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 NOK to MWK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the NOK to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 166.6219. Conversely, the yearly low was recorded on May 30, dropping to 91.7044.
This high-to-low spread represents a total annual volatility of 74.9175 MWK. From a start-to-finish perspective, comparing the January average rate of 103.0911 to the December average rate of 160.3056, the exchange rate registered a net change of 55.50% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 166.6219 was up 54.33% compared to the 2022 peak of 107.9679, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NOK based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
NOK to MWK Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 98.0062, compared to 117.1816 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 19.1754 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 59.2313 MWK (High: 158.6221 / Low: 99.3908). On the other end, March was the most stable month, with a tight range of 4.4234 MWK (High: 99.2926 / Low: 94.8692).
Growth Streaks & Declines
TrendsBetween May and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 2.9307 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 160.3056) against the same month in 2022 (average: 103.8290), the exchange rate shifted by +56.4766 (+54.39%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 104.8254 | 99.9868 | 103.0911 |
| February | 103.8617 | 98.2628 | 100.1604 |
| March | 99.2926 | 94.8692 | 97.4596 |
| April | 99.7250 | 95.1563 | 97.5073 |
| May | 97.8224 | 91.7044 | 94.8523 |
| June | 97.8996 | 91.9174 | 94.9668 |
| July | 105.7929 | 97.3731 | 102.3000 |
| August | 106.3422 | 100.6481 | 102.6841 |
| September | 103.1473 | 97.9822 | 101.0876 |
| October | 107.4582 | 99.5972 | 104.3202 |
| November | 158.6221 | 99.3908 | 132.3921 |
| December | 166.6219 | 153.5793 | 160.3056 |